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REGISTERED NUMBER: 10268388 (England and Wales)















SR-2 CONSTRUCTION LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






SR-2 CONSTRUCTION LTD (REGISTERED NUMBER: 10268388)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SR-2 CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr J Reardon





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 10268388 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

SR-2 CONSTRUCTION LTD (REGISTERED NUMBER: 10268388)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,812 2,141

CURRENT ASSETS
Debtors 5 159,768 140,951
Cash at bank 16,000 16,000
175,768 156,951
CREDITORS
Amounts falling due within one year 6 (139,141 ) (101,265 )
NET CURRENT ASSETS 36,627 55,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,439

57,827

CREDITORS
Amounts falling due after more than one year 7 (29,509 ) (28,129 )
NET ASSETS 8,930 29,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 8,830 29,598
8,930 29,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SR-2 CONSTRUCTION LTD (REGISTERED NUMBER: 10268388)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2023 and were signed by:





Mr J Reardon - Director


SR-2 CONSTRUCTION LTD (REGISTERED NUMBER: 10268388)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

SR-2 Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

SR-2 CONSTRUCTION LTD (REGISTERED NUMBER: 10268388)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 7,400 3,314 10,714
Additions - 308 308
At 31 July 2023 7,400 3,622 11,022
DEPRECIATION
At 1 August 2022 5,259 3,314 8,573
Charge for year 535 102 637
At 31 July 2023 5,794 3,416 9,210
NET BOOK VALUE
At 31 July 2023 1,606 206 1,812
At 31 July 2022 2,141 - 2,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,358 3,961
Sundry debtors 136,990 136,990
VAT 3,420 -
159,768 140,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,631 31,871
Other loans 42,661 42,661
Trade creditors 4,964 5,022
Corporation Tax 14,350 8,045
Social security and other taxes 14,507 12,933
VAT - 595
Directors' current accounts 40,028 138
139,141 101,265

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 29,509 28,129

SR-2 CONSTRUCTION LTD (REGISTERED NUMBER: 10268388)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. RESERVES
Retained
earnings
£   

At 1 August 2022 29,598
Profit for the year 25,482
Dividends (46,250 )
At 31 July 2023 8,830